WEX to Provide Virtual Payments Solution for Globalia

Business Wirevia The Motley Fool
Updated

WEX to Provide Virtual Payments Solution for Globalia

WEX Subsidiary, CorporatePay, to Manage Relationship Throughout Europe

SOUTH PORTLAND, Maine--(BUSINESS WIRE)-- WEX Inc. (NYS: WEX) , a leading provider of corporate payment solutions, today announced it formed an agreement with Globalia, a European supplier of air, hotel and travel related services, to provide the WEX Travel solution. The agreement emphasizes WEX's commitment to service customers across Europe with its virtual payment technology. The WEX Travel solution allows Globalia to reduce costs, increase efficiencies, and improve security with its pioneering single use virtual card technology.


The WEX Travel product provides businesses with the ability to:

  • Use single use virtual cards for travel booking

  • Reduce costs and increase efficiency

  • Streamline payment reconciliation

  • Earn revenue share on processed payments

  • Pay global suppliers securely with customized controls

  • Seamlessly integrate with existing systems to support high volume operational environments

Myles Stephenson, CEO of WEX subsidiary CorporatePay said, "We are delighted to announce another significant client win in Europe. Our relationship with Globalia will ensure Globalia has the necessary tools to help meet the business objective of efficient payments to drive customer satisfaction."

Miguel Angel Sanchez, CFO of Globalia said, "The WEX virtual solution offers us a flexible, secure and efficient payment system for our providers. Working with WEX allows us to further enhance our core business activities, while we continue to develop the services and tools for major partners."

About WEX Inc.

WEX Inc. (NYS: WEX) is a leading provider of corporate payment solutions. From its roots in fleet card payments beginning in 1983, WEX has expanded the scope of its business into a multi-channel provider of corporate payment solutions representing more than 7.6 million cardholders and offering exceptional payment security and control across a wide spectrum of business sectors. The Company's operations include WEX Bank, Fleet One, Pacific Pride, rapid! PayCard, Wright Express Australia, Wright Express New Zealand and CorporatePay Limited, England, as well as a majority equity position in UNIK S.A., Brazil. WEX and its subsidiaries employ more than 1,300 associates. For more information about WEX, please visit www.wexinc.com.

About CorporatePay

CorporatePay is one of the UK's leading providers of prepaid MasterCard and Visa card solutions for business as well as a consumer currency card programme. Operating across a range of sectors including travel, healthcare, media and production, CorporatePay helps clients maximize profitability and reduce cost by transforming how they manage payments to employees, suppliers and customers. In 2012, CorporatePay was acquired by WEX Inc., a leading provider of corporate payment solutions. For more information on CorporatePay, please visit www.corporatepay.com.



News media contact:
WEX Inc.
Jessica Roy, 207-523-6763
Jessica.Roy@wexinc.com
or
JAMpr
Dawn Hesketh, 0161 850 0565
dawn@jampr.co.uk

KEYWORDS: United States Europe North America Maine

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